The economists at Fannie Mae released their first economic forecast of 2013 and introduced their theme for the New Year, " Transition to Normal ." This theme, they said, has profound implications for a number of longer-term challenges facing the country and reflects the rebound of housing along with the fiscal policy decisions made and yet to be made. "It is unclear where this transition will lead and what type of economic growth path awaits. Some have questioned whether the country has entered a...

It appears that one of the nation's largest and most troubled housing markets is getting back to normal. According to data released by DataQuick, Notices of Default (NoDs), the first step in the foreclosure process, on California houses and condos fell 22.1 percent in the fourth quarter of 2012 compared to the third quarter and were down almost 38 percent from the fourth quarter of 2011. California homeowners were a median of eight months behind on their payments when the lender filed the Notice...

The economists at Fannie Mae released their first economic forecast of 2013 and introduced their theme for the New Year, " Transition to Normal ." This theme, they said, has profound implications for a number of longer-term challenges facing the country and reflects the rebound of housing along with the fiscal policy decisions made and yet to be made. "It is unclear where this transition will lead and what type of economic growth path awaits. Some have questioned whether the country has entered a...

It appears that one of the nation's largest and most troubled housing markets is getting back to normal. According to data released by DataQuick, Notices of Default (NoDs), the first step in the foreclosure process, on California houses and condos fell 22.1 percent in the fourth quarter of 2012 compared to the third quarter and were down almost 38 percent from the fourth quarter of 2011. California homeowners were a median of eight months behind on their payments when the lender filed the Notice...

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